MinRes locks in $490m lithium mine expansion

Pilbara Ports forecasts 1mtpa capacity for Red Hawk  Pilbara Ports has notified Red Hawk Mining (ASX: RHK) that an annual throughput of 1mtpa at the Utah Point Bulk Handling Facility in the Port of Port Hedland, WA, will be available for allocation in 2026.  The forecasted throughput allocation is consistent with Red Hawk’s Pre-Feasibility Study which has export volume in year one of 1.2mt, increasing to 5mtpa over five years.  Red Hawk managing director Steven Michael says the company has...

Westgold Resources (ASX: WGX) has approved the final investment decision to expand its Higginsville processing hub from 1.6mtpa to 2.6mtpa.

Metso divests its ferrous business Metso has signed an agreement to sell its ferrous business to SMS group, a global company providing technology and services in plant construction and mechanical engineering for the metals industry. Some of the businesses to be divested include travelling grate pelletising and CircoredTM direct reduction process, as well as the related service business. About 180 employees, primarily based in Germany, India and China, are planned to join the SMS group at the closing of the transaction. The closing of the transaction, which is subject to regulatory approvals, is expected to take place in Q1 CY26. Metso minerals business area president Piia Karhu says SMS group is...

Barminco books $200m contract extension at Hemlo Perenti’s (ASX: PRN) underground mining business, Barminco has signed a three-year extension with Barrick Gold Corporation to continue contract mining at the Hemlo gold mine in Canada. Hemlo, which has been in production since 1989, was transitioned to a contract mining model in 2019, with Barminco as the main underground contractor since. The new contract is initially for 36 months, but also includes two 12- month options to extend. If these options are exercised, Barminco will be operating at Hemlo until 2029. Perenti managing director and chief executive Mark Norwell says this is another great...